497 1 ss050912dvs_uivip.htm 497 - SAI SUPPLEMENT - DWS UNCONSTRAINED INCOME VIP ss050912dvs_uivip.htm
SUPPLEMENT TO THE CURRENTLY EFFECTIVE STATEMENT OF ADDITIONAL INFORMATION
OF THE LISTED FUND:
     
     
 

 
 
DWS Unconstrained Income VIP
 
 
 
The following information supplements similar disclosure contained in APPENDIX I-D – PORTFOLIO MANAGEMENT under the heading “Fund Ownership of Portfolio Managers” and “Conflicts of Interest” in Part I of the Fund’s Statement of Additional Information:
 
Fund Ownership of Portfolio Managers
 
The following table shows the dollar range of shares owned beneficially and of record by certain members of the portfolio management team for the fund as well as in all US, registered DWS Funds as a group (i.e., those funds advised by Deutsche Asset Management or its affiliates), including investments by their immediate family members sharing the same household and amounts invested through retirement and deferred compensation plans. This information is provided as of the fund’s most recent fiscal year end.

Name of
Portfolio Manager
Dollar Range of
Fund Shares Owned
Dollar Range of All
DWS Fund Shares
Owned
     
Robert Wang
$0
N/A
Thomas Picciochi
$0
N/A
 
Conflicts of Interest
 
In addition to managing the assets of the fund, a portfolio manager may have responsibility for managing other client accounts of the Advisor or its affiliates. The tables below show, per portfolio manager, the number and asset size of (1) SEC registered investment companies (or series thereof) other than the fund, (2) pooled investment vehicles that are not registered investment companies and (3) other accounts (e.g., accounts managed for individuals or organizations) managed by a portfolio manager. Total assets attributed to a portfolio manager in the tables below include total assets of each account managed, although a portfolio manager may only manage a portion of such account’s assets. The tables also show the number of performance based fee accounts, as well as the total assets of the accounts for which the advisory fee is based on the performance of the account. This information is provided as of the fund’s most recent fiscal year end.

Other SEC Registered Investment Companies Managed:

Name of Portfolio
Manager
Number of 
Registered
Investment
Companies
Total Assets of
Registered
Investment
Companies
Number of
Investment
Company
Accounts with
Performance-
Based Fee
Total Assets of
Performance-
Based Fee
Accounts
         
Robert Wang
31
$9,690,693,349
1
$253,913,909
Thomas Picciochi
11
$699,949,324
1
$75,091,511
 
 
 
 
 

 
Other Pooled Investment Vehicles Managed:

Name of Portfolio
Manager
Number of
Pooled
Investment
Vehicles
Total Assets of
Pooled Investment
Vehicles
Number of
Pooled
Investment
Vehicle Accounts
with
Performance-
Based Fee
Total Assets of
Performance-
Based Fee
Accounts
         
Robert Wang
3
$320,340,707
0
$0
Thomas Picciochi
0
$0
0
$0

Other Accounts Managed:

Name of Portfolio
Manager
Number of
Other
Accounts
Total Assets of
Other Accounts
Number of
Other Accounts
with
Performance-
Based Fee
Total Assets of
Performance-
Based Fee
Accounts
         
Robert Wang
12
$1,606,109,372
2
$10,514,845
Thomas Picciochi
3
$78,975,919
2
$10,514,845







Please Retain This Supplement for Future Reference







May 9, 2012
SAISTKR-58